Wondering “what’s now” in the construction industry? We want to help our customers in this segment of field services stay up-to-date with industry news, events, and trends so they can make the most of their business opportunities in the years ahead. Let’s go!
Key Construction Industry Trends to Watch
First, let’s address the fact that analysts are optimistic about the construction industry. According to Dodge Data & Analytics’ 2018 Construction Outlook, total U.S. construction starts for 2018 will climb 3% to $765 billion, and several positive factors suggest that the construction expansion trend will continue. By major sector, gains are predicted for residential building (up 4%) and nonresidential building (up 2%), while non-building construction stabilizes after two years of decline.
On to the top trends:
Ongoing hiring challenges. The Associated General Contractors of America reports that construction employment increased by 24,000 jobs in November to the highest level since November 2008. Yet employment and pay in the industry have risen faster than in the economy overall, so it’s becoming harder to attract the “cream of the crop,” hard-to-find workers. If this is consistent with your experience, we recommend reading A Research-Based Look at Tomorrow’s Field Services Technician and How to Attract and Hire Top Field Service Technicians for your Business.
Green building on the rise. The U.S. Green Building Council details how green building is creating millions of jobs and contributing hundreds of billions of dollars to the U.S. economy. In fact, green construction’s growth rate is rapidly outpacing that of conventional construction! Demand for green building is changing industry business owners’ approach to customer offerings, design, materials, construction technique, and even business processes and operations. Here are some Simple Tips For Going Green In The Office And On The Road.
Technology reigns. Most industry sources, including Construction Dive, explore the many ways technology is changing the construction industry. (Let’s face it: tech is changing every industry.) In construction, businesses are beginning to use any combination of the following to improve everything from processes to employee safety:
- 3-D printing
- Augmented and virtual reality
- IoT sensors
We’ll add vehicle telematics and field services solutions to the mix, as they’re meeting construction companies’ specific needs for fleet-related data intelligence and real-time tracking tools. Find out Why Are Construction Businesses Using Vehicle Telematics?
Upcoming Construction Industry Events
Mark your calendar for these 2018 shows, which are just a sampling of the diverse events planned for industry professionals:
Advancing Building Estimation 2018 (May 14-16, Dallas TX) will showcase the latest innovations in conceptual and detailed estimating, bidding and preconstruction workflow.
AIA Conference on Architecture 2018 (June 21-23, New York, NY) is where the most creative architects, designers, and firms will share how they’re creating their own blueprint and making a difference in cities all over the world.
CMAA National Conference & Trade Show (October 14-16, Las Vegas, NV) will offer both up-to-date educational programs and unsurpassed opportunities to network and learn about upcoming projects and industry developments.
Build Expo USA (various dates in locations across the country) provides professionals with phenomenal networking and education opportunities.
Construction Industry Resources to Bookmark
Websites and blogs:
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